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Trump has raised $170 million since the election

Stevicus

Veteran Member
Staff member
Premium Member
Trump raises $170 million as he looks to future

WASHINGTON (AP) — President Donald Trump has raised roughly $170 million since his Election Day defeat, a sum garnered through a nonstop stream of solicitations that have falsely claimed the election was stolen while requesting contributions for an “election defense fund.”

Most of the money was raised in the days after the Nov. 3 election, according to a person familiar with Trump’s effort who requested anonymity on Tuesday to discuss details of the operation.

The amount, which approaches the sums Trump took in at the height of the campaign, offers yet another sign that he does not intend to leave the White House quietly and will remain a powerful force in Republican politics.

The article indicates that some of the money could be used to pay off campaign debt, go to the RNC, as well as help launch Trump's new Political Action Committee, "Save America."

But the fine print indicates much of the money has instead paid down campaign debt, replenished the Republican National Committee and, more recently, helped get Save America, a new political action committee Trump founded, off the ground.

Seventy-five percent of each contribution made now goes to Save America, with the remaining 25% going to the RNC’s operating account. It’s only once donors have given the legal maximum to Trump’s political committee and the RNC that money begins spilling over into accounts specifically intended to pay for legal proceedings related to the election.

Save America’s one-year maximum contribution is $5,000, while the RNC can collect $35,000.

The unusual way the Trump campaign is divvying up the contributions has drawn scrutiny from election watchdogs, who say Trump and his family are poised to financially benefit from the arrangement.

Save America is a type of campaign committee that is often referred to as a “leadership PAC,” which has higher contribution limits — $5,000 per year — and faces fewer restrictions on how the money is spent. Unlike candidate campaign accounts, leadership PACs can also be tapped to pay for personal expenses.

The effort is not the only fundraising operation the Trump family is involved in.

They also launched another PAC called "Save the US Senate."

Separately, two political advisors to Donald Trump Jr. have launched a super political action committee called “Save the U.S. Senate PAC.” The group is raising money for ads, featuring the younger Trump, that will encourage the president’s supporters to vote in two Senate runoff races that will be held in Georgia on Jan. 5.

The contests will determine whether Republicans retain control of the chamber. But some in the party worry that President Trump’s repeated attacks against the outcome of contests in states President-elect Joe Biden won, including Georgia, will diminish GOP turnout.

Republican Sen. David Perdue is running for reelection against Democratic challenger Jon Ossoff in one of the contests. In the other, appointed Republican Sen. Kelly Loeffler and Democrat Raphael Warnock are competing to finish out retired Sen. Johnny Isakson’s term.
 

SomeRandom

Still learning to be wise
Staff member
Premium Member
Wow, you mean he’s managed to grift a large amount of money from his tantrum??
Imagine my shock
 

Audie

Veteran Member
He should keep it up a while longer.
It may ultimately be to the good.

He may so discredit "trumpism" as to have some very salutary effect.
 

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Trump raises $170 million as he looks to future



The article indicates that some of the money could be used to pay off campaign debt, go to the RNC, as well as help launch Trump's new Political Action Committee, "Save America."



They also launched another PAC called "Save the US Senate."
Wait till the Biden regime starts.

That will make super pacs look like little Johnnys allowance in comparison.
 
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